Bright Food taps Shanghai's agricultural product market

The largest and potentially the most modernized agricultural product trade center in the Yangtze River Delta officially opened in Shanghai on Saturday.

As owner and operator of the center, Bright Food (Group) Co Ltd expects transactions to reach 20 billion yuan ($3.23 billion) in a few years.

Shanghai Xijiao International Agricultural Product Trade Center occupies 66.7 hectares and has 300,000 sq m of gross floor area. The center sells wholesale fresh agricultural products, including those locally grown andvarieties imported from Southeast Asia, the United States and Europe.

Currently, the center has supplied 40 percent of the mushrooms for the Shanghai market, and its imported fruits take up 20 percent ofmarket share.

The center looks to import 2,500 TEUs (twenty-foot container equivalent units) of fresh agricultural product this year, with a value of $72 million.

On a monthly basis, a total of 120 million yuan worth of agricultural products are traded, and more than 200 TEUs of agricultural products are imported.